Thomas Office Supply has developed a clipboard design that will better fulfil the needs of not only its customers in the hospital market,but also potential new customers in the educational market.This is an example of diversification.

Question

Quizplus · Accepted Answer

This is an example of product development for the hospital market.One might argue that it is market development for the educational market,but unless the product is radically new to the company (which is extremely unlikely for an office supply company),it would not exemplify diversification.

Thomas Office Supply Has Developed a Clipboard Design That Will